Bearish
Wells Fargo downgrades Netflix (NFLX) to Underweight with $57 target amid declining viewership.
Wells Fargo has downgraded Netflix's stock rating to Underweight, lowering the price target to $57 from $80, citing concerns over declining viewership and a weaker content slate in the latter half of 2026. The stock is currently trading at $69.23, reflecting a 2.67% decrease from the previous close.
Key points
- Wells Fargo downgrades Netflix to Underweight, citing declining viewership.
- Netflix's stock price decreases by 2.67% to $69.23.
Sources
AI-generated from public news sources. Not financial advice.
